21Shares today filed Form S-1 with the Securities and Exchange Commission in sought to register the 21Shares SEI ETF, a trust directly exposed to SEI, the SEI network’s native token.
Filing is Coinbase, Inc. with Coinbase Custody Trust Company as ETF administrator. is active as a prime broker. Net asset value is calculated using the New York variant issued by CF SEI Dollar Reference Rate – CF Benchmark. This aggregates prices across multiple spot venues to ensure transparency and reduces reliance on a single market feed.
This submission also allows for discretionary staking of SEIs if regulators and tax authorities determine that they will not compromise compliance.
21 Shares is the cryptographic native ETP provider that pioneered the world’s first physically supported crypto exchange sales product (ETP) (called “HODL”) in six Swiss exchanges.
By the end of 2024, it was one of the largest global publishers of crypto ETP with 44 listed products in numerous currencies. The company raised funds in 2022 at a valuation of approximately $2 billion and is now part of the 21.Co Group.